Prabowo’s Nickel State: Indonesia’s Search for Power

Indonesia is strengthening state control over its nickel industry under President Prabowo Subianto, seeking to convert the country’s dominant position in global nickel production into greater industrial and strategic influence. Building on the downstreaming policies initiated under the previous administration, recent measures include higher royalties, tighter mining quotas, stricter export earnings requirements, expanded state investment through Danantara, and broader oversight of mineral exports. While these policies enhance state leverage and fiscal returns, challenges remain, including dependence on foreign technology and capital, shifting battery technologies that may reduce nickel demand, regulatory uncertainty, and environmental concerns.

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